The Hass Land Index

The Hass Land Index is used to measure the asking price changes of development land values in Nairobi and its satellite towns serving as an indicator of trends, shown as average asking price per acre. It covers 32 suburbs and towns and was introduced as at Quarter 4 2014 with data going back from December 2007. Property points now for 10 years focusing on Nairobi and its environs giving an area specific perspective, rather than Nationwide. It is well received each quarter by the press, property developers, governing bodies, financial institutions and importantly Kenyans wishing to build their own homes. It is an impartial indicator of the past and current Kenyan land market which Hass is committed to serve.

Q2. 2018 Highlights

Land market remains depressed even as market confidence returns

Nairobi land prices rises marginally at 0.23 per cent in the second quarter of the year compared to an increase of 2.5 per cent in a similar quarter of 2016.

Land in satellite towns prices increase by 0.5 per cent compared to an 8.1 per cent increase in Q2 2016 just before the introduction of the interest rate cap

Kileleshwa witnessed price corrections with prices increasing by 3.96 per cent over the last quarter after sustained price falls over 2017

Ngong Town was the best performing satellite town recording a 4.25 per cent increase over the last quarter

Ksh. 1 million invested at the end of 2007 would have been worth KSh. 6.26m if invested in land in Nairobi's suburbs, Ksh. 2.45m if invested in bonds and only Ksh. 0.60m if invested in equities